Burford Capital Share Discussion Threads

[geraldus] 01/4/2021 15:12

Something brewing - if it can hold.

[ozzmosiz] 01/4/2021 14:48

*wrong thread*

[johnbuythedips] 01/4/2021 13:43

This looks like a correction with some decent volume going through. The chart looks a lot different now to last week! - whatever the time frame.

[rar100] 01/4/2021 13:41

Does anyone know how many cases of all sorts that are on-going, I thought it was in the 100's globally.

[compo62] 01/4/2021 13:24

The fall to below £6 was hard to justify. I am not going to stress about justifying the recovery. If this relatively modest settlement is the catalyst - a reminder of how much cash this company is generating as "business as usual" - then it is about time imo.

[galatea99] 01/4/2021 12:18

Donald, the way I read that article is that the €943m is a proposed global settlement, covering all claims against Steinhoff, of which the four claimant groups that have accepted (Burford's being one) form only part.

[lomax99] 01/4/2021 12:17

Perhaps the penny is dropping?

[alfredomega] 01/4/2021 12:15

@donald Yes, it doesn't seem so big gain to move the price a 7% up. Besides, one of the plaintiffs Dublin-based Hamilton doesn't accept the settlement. Is there anything else or just the market?

[donald pond] 01/4/2021 11:56

That Steinhoff case. Settlement is €943, split across 4 main groups. If we assume the groups are of equal size, BURs group should get around €235m. From that, BUR will pay its legal fees (assume €10m) and take 30% of the rest, so just shy of €70m. That's the best rule of thumb you can come up with in the absence of the inside track

[dgdg1] 01/4/2021 11:08

Galatea, interesting post there thanks. Do you have any more details about the Steinhoff case i.e. how much money is at stake and how much is Burford likely to earn? Thanks

[stock surfer] 01/4/2021 10:51

So, who bought the dip?! Up, up and away we go! Brace for the impact on the moon chaps.

[rar100] 01/4/2021 10:10

I did actually wonder that myself as I was typing it, oh dear - hope that wont jeopardize Morgan Stanley from their imminent purchase of 500,000 shares that a good friend on mine in the US told me about last night.
Thanks for putting me right Ozz

[tnt99] 01/4/2021 10:08

Up up and away Go burford you know it makes sense

[ozzmosiz] 01/4/2021 09:50

Peanuts do not grow into trees actually, just saying ;)

[rar100] 01/4/2021 09:45

It is good to see the share price rise but as Scuba said, the directors buys are peanuts and the share price is still peanuts, all the good news is great but the share price is still WAY out of kilter.

Hopefully this is real momentum, this is what BUR needs - the herd instinct coming to play in that institutions will wake up to it's value now.

Peanuts do grow into trees...the lucky ones

[donald pond] 01/4/2021 07:40

It is definitely looking like there is strong support around 580, and we had a double top around £8. The last few days have been consistently strong: probably CB and JMs buys have helped, as at have the EBT, and the debt news and rating agency upgrade. But my feeling is that there aren't many sellers left at these levels. We've had 3 sets of results since the MW debacle, and anyone looking to exit on any sort of bounce has probably done so. My feeling is that this might be the start of a new long term uptrend and I'm very tempted for my 2021 ISA

[maddox] 31/3/2021 22:43

The debt offering might have attracted some attention. It's only a matter of time IMHO - ignoring all the complexities:

>> £4.6bn of invested capital;

>> Consistent track record of 90+% Return on Invested Capital (ROIC) or c.30% IRR; and yet,

>> Market Cap of £1.3bn.

At some point Mr Market is going to wake-up to the growth/value on offer here.

[donald pond] 31/3/2021 21:23

On decent volume too

[johnbuythedips] 31/3/2021 21:04

9 bucks across the big pond. Bodes well.

[ozzmosiz] 31/3/2021 15:31

Scuba, the relative cost is the same.Makes no difference if they are richer than you.Cost to them was roughly £33k each

[scubadiverr] 31/3/2021 15:26

The relatative cost to them is the same as me putting my hand in my pocket for a hamburger. I expect though that there will be more to come

[rar100] 31/3/2021 15:15

That's a good sign, they know things we don't...

[dekle] 31/3/2021 13:17

The Directors Bogart & Molot purchased a few shares yesterday